tomo logo

$3,500,000

Beds
7
Baths
9.0
sq ft
14,144

205 E Central Ave, Moorestown, NJ 08057

205 E Central Ave

MOORESTOWN, NJ 08057

  • 532 days on market
    • Price drop $500,000↓
Welcome to this exceptional and timeless stately home, circa 1924, where elegance and charm unite with exquisite design and historical influences. Nestled on just over 1 acre of picturesque land in the town center of Moorestown, this residence offers a spacious and tranquil setting that will captivate your heart from the moment you arrive. Contrary to the prevailing Art Deco and Neo-Gothic trends of its time, this home embraces the elements of the Federal style, popular in the late 18th to mid-19th centuries in the United States and Britain. The architectural features, such as the covered entrance and double-hung windows on the second and third floors, pay homage to the Federal style while infusing the property with sophistication and glimpses of its grand interior. As you step inside, the attention to detail becomes even more apparent. The first floor boasts floor-to-ceiling windows, accompanied by fan light window elements above them. These windows, adorned with custom shutters, exemplify the meticulous craftsmanship and provide a visually stunning impact. This is continued throughout the home with its custom, layered millwork at every turn. The exterior of the house further contributes to its dramatic and classic ambiance. Inside, the traditional center hall entrance leads to a stately living room on the left and a formal dining room on the right. For more relaxed gatherings, a screened-in porch off the dining room provides a delightful space. A meticulously designed butler's pantry with custom wood floors, a catering kitchen, and a spacious modern main kitchen with a massive island and pizza oven adorned with hand painted tiles from Italy cater to both practicality and luxury. The addition made by a previous owner expanded the home's footprint, featuring an encompassing space housing the kitchen, eat-in area, drop zone, walk-in pantry, walk-in storage area, and a den. This addition includes a full basement and an exercise space above, providing ample room for various activities and storage needs. European influences can be seen throughout the home, from light fixtures and mantles sourced from France to the Andalusian-inspired gathering room with a custom bar and terracotta tile floor, offering breathtaking views of the backyard pool. A rich mahogany library showcases coffered ceilings, stunning custom cabinetry, and a gas fireplace, creating an inviting space to read, play chess, or enjoy a movie. The basement of the home boasts a wine tasting area, a wine room, and a large craft space to indulge your artistic endeavors. The addition in the basement provides high ceilings of 10 feet or more, a kitchen, a full bathroom, a stage for theatrical pursuits, and a billiards space. On the upper levels, the primary suite impresses with his and her bathrooms, closets, custom built-ins and an office space. The remaining bedrooms on the second floor are suites, with a total of three. The third floor features a hall bathroom, two bedrooms, plus an additional spacious bedroom suite offering an updated bathroom and sitting area. The backyard is an outdoor oasis designed for your entertainment pleasure. It features a beautiful pool, spa, full outdoor kitchen, and fireplace. The bluestone slate patio with brick inlay creates a delightful pattern that harmonizes with the outdoor kitchen space, equipped with multiple grills, warming drawers and a sink. Completing the outdoor area is a three-level barn transformed into a two-car garage, awaiting your personal touches and customization. This remarkable home presents a truly unique opportunity to own one of the most exceptional properties in Moorestown, while still enjoying the convenience of being close to the vibrant coffee shops and eateries located on Main Street. Don't miss the chance to experience the perfect blend of luxury, historical charm, and modern living in this extraordinary residence. Schedule a viewing today and discover the endless possibilities this home has to offer.

Details

Property type

Single Family Residence

Est. home value

$3,991,754

Lot size

1.02 acres

Price per sq ft

$248

Year built

1924

Annual property taxes

$62,441

HOA

No

Price History

10/01/2024
Bright

Bright #NJBL2047136

Listed
$3,500,000
10/01/2024
Bright

Bright #NJBL2047136

Removed
$3,500,000
06/01/2023
Bright

Bright #NJBL2047136

Listed
$3,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

WM ALLEN M.S.

High school: 

MOORESTOWN H.S.

Community features: 

Sidewalks, Street Lights

School district: 

MOORESTOWN TOWNSHIP PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Cornerstone Bank

Loan start date

March 2010

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

4.97%

Loan type

Not Provided

Seller

James R Varrell and Karla B Varrell

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/13/2024 at 11:30 PM

Listing updated: 11/08/2024 at 2:34 AM

Listed by: Naoji Moriuchi, Compass New Jersey, LLC - Moorestown Phone #: (856) 214-2639

MLS: Bright #NJBL2047136

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